FORM OF ARTHUR J. GALLAGHER & CO. PERFORMANCE UNIT PROGRAM [ ] PERFORMANCE UNIT GRANT AGREEMENTPerformance Unit Grant Agreement • February 7th, 2011 • Gallagher Arthur J & Co • Insurance agents, brokers & service • Delaware
This [ ] Performance Unit Grant Agreement (this “Agreement”), effective as of the Date of Grant shown above, between Arthur J. Gallagher & Co., a Delaware corporation (the “Company”), and the Participant named above, sets forth the terms and conditions of a grant of a performance unit award (this “Performance Unit Award”) under the Arthur J. Gallagher & Co. Performance Unit Program (the “Plan”). This Performance Unit Award is subject to all of the terms and conditions set forth in the Plan and this Agreement. In the event of any conflict, the Plan will control over this Agreement. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.
